GELYF News and Press, Geely Automobile Holdings Ltd From 01/10/21

It's official: Baidu (BIDU) says it will set up a company to partner with Chinese automaker Geely (GELYF) to make smart electric vehicles.Baidu says it will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely will contribute its expertise in...

Baidu ([[BIDU]] +2.7%) jumps after Reuters reports the company is moving forward with creating an electric vehicle company. Baidu will reportedly hold a majority stake in the new entity and Geely Automobile Holdings (GELYF) will hold a minority stake. Sources indicate that the new ventur...

Global electric car sales records for November 2020 up 133% YoY reaching 5.9% share. Europe sales up 198% YoY reaching 16% share, China sales rose 138% YoY reaching 8.6% share. EV market news - Goldman Sachs believes EV adoption is accelerating. Apple reportedly plans to launch an ele...

LI sits second between NIO and XPEV in terms of cumulative deliveries as all three continue to capitalize on strong EV demand in China. Revenue growth should continue strong and profitability could soon arrive as LI boasts the highest margins of the three. LI has the most attracti...

Electric vehicles are upending the status quo of internal combustion vehicles, just like ICE vehicles once displaced the horse-drawn carriage. While many people may be familiar with EV pioneer Tesla, there is an entire ecosystem of battery producers and lithium mining firms that are p...

Baidu (BIDU) has held talks with automakers in China about the possibility of producing electric vehicles, sources tell Reuters. The tech powerhouse is said to considering contract manufacturing or creating a majority-owned venture with an existing automaker. Baidu is reported to have held pr...

China Automotive Systems is a small manufacturer supplying power steering systems and components to leading automakers whose industry is burgeoning as are this company's revenues. Management is experienced, owns 43% of the shares, is buying back more on the open market, and expect to ...

As the market recovers, China’s sales of SUVs, minivans and sedans rose by double digits in November but were below pre-pandemic levels for the year. Sales rose 11.6%Y/Y to 2.3M, according to the China Association of Automobile Manufacturers.Total vehicle sales, including trucks and bu...

Global electric car sales for Oct. 2020, up 127% YoY (fastest growth in 8yrs) at 4.9% share. Europe sales up 195% YoY reaching 13% share, China sales rose 120% YoY. EV market news - Biden's pro-EV sector policies. UK bans sales of new gas & diesel cars from 2030. USA Zero Emission...

The Polestar 2 model won the Car of the Year award in Norway to follow closely its win as the People's Choice in the nation. "The switch to all electric is hard, it’s happening fast, and I feel that all these delightful fuel cars with roaring engines that we petrol heads love are disap...